Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
turtoro
on 23/11/2014, 10:06:49 UTC
Yes changing the algo doesn't make you coin better. Look at Feathercoin. Everyone was hoping that changing the algo will affect the price. And the result ? A picture worths more than 10k words:
http://coinmarketcap.com/currencies/feathercoin/#charts



FTC offers nothing new, same old same old, catering only to miners and their GPU farms doesnt work anymore, the scene has changed, VTC has better chances than FTC, because of the privacy feature.

Ummm, what exactly is Vtc then? Vtc is strictly a miners coin and thats it. It WILL not get merchant adoption to any  levels, so sx addresses are not even useful (which were useless anyway because its "anonymity lite"), but thats what everyone decided to go for back a months ago. A half measure is meaningless. Sx addresses were a neat novelty, but are absolutely useless. Stop making Vtc out to be a "privacy coin", it is simply not.

Miners coin=mine and sell. Why people are assuming an algo change is going to cause a huge spike in price is beyond me. It might stabilize at a slightly higher rate than the 0.05$ its at now, but not by much. And if it does start to go up a few percentage points, the market will be flooded by people dumping their holding trying to find an exit.

Zerocoin should have been added to vert, Vert should have been made a full out anon coin, the desicion made in the Spring to not do so was the biggest mistake in Verts existence.